The ecommerce platform reported higher revenue, processed nearly 725 million orders and expanded its annual transacting seller base by 81 per cent during the June quarter
Value ecommerce platform Meesho reported a 54 per cent year-on-year (YoY) decline in its consolidated net loss to Rs 132.8 crore for the quarter ended 30 June 2026, compared with Rs 289.4 crore in the corresponding period last year. The company had reported a net loss of Rs 166.3 crore in the preceding January-March quarter, according to its exchange filing.
Revenue from operations rose 48 per cent YoY to Rs 3,712.8 crore during the first quarter of FY27 from Rs 2,503.9 crore a year earlier. On a sequential basis, revenue increased from Rs 3,531.2 crore reported in the previous quarter, reflecting continued growth in transaction volumes on the platform during the three-month period.
Total expenses increased 43 per cent YoY to Rs 3,959.2 crore in the June quarter from Rs 2,777.6 crore in the corresponding period last year. Expenses also rose sequentially from Rs 3,807.1 crore in the previous quarter, as the company continued to invest in operations while expanding its business.
“We delivered 34 per cent year-on-year net merchandise value (NMV) growth, while Contribution Margin expanded to 4.6 per cent, marketplace adjusted Enitda improved to (1.2 per cent of NMV, and Last twelve months free cash flow improved by approximately 15 per cent,” said Dhiresh Bansal, Chief Financial Officer, Meesho.
“This quarter also marked our strongest contribution margin and marketplace adjusted Ebitda since listing, despite higher fuel costs and minimum wage increases in certain states, reflecting the structural improvements we’ve made across our platform,” he added.
Orders And Seller Growth
Meesho processed nearly 725 million orders during the quarter, averaging more than 90 orders every second, according to the company. It said investments in artificial intelligence (AI) across catalogue creation, demand intelligence and multilingual voice agents supported operational efficiencies and strengthened platform capabilities during the reporting period.
The company said its AI-enabled tools helped increase the number of annual transacting sellers by 81 per cent YoY to more than 1.04 million during the quarter. The expansion in the seller base accompanied growth in order volumes and improvements in contribution margin and marketplace-adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda).
